Barcelona coach Pep Guardiola admits the prospects of signing Cesc Fagreas from Arsenal are 'good', but there is still no official confirmation of the proposed move.

Barcelona appeared to be closing in on the capture of Fabregas on Friday after a club spokesman suggested a deal was ‘hours away’ from being announced.

It has been reported that Fabregas will be in attendance for Barcelona's Super Cup clash with their great rivals Real Madrid on Sunday.

On the move? Fabregas (right) appears to be on the verge of joining Barcelona

Guardiola has confirmed that the discussions are ongoing and appears to be optimistic about a move.

The main man: Barcelona coach Pep Guardiola

'He’s not here yet,' said the Barcelona coach. 'According to the information we have from club bosses negotiations are very advanced but there is still a document missing to confirm.

'The prospects are good, but he’s still an Arsenal player. Otherwise I would confirm it.'

Fabreas left Barcelona as a 16-year-old in 2003, and in the years since has established himself as one of the Premier League's top stars.

Despite Arsenal manager Arsene Wenger sounding a defiant note when he spoke to reporters on Friday morning, it seems that the London giants are now resigned to losing him.

Sportsmail understands that Wenger has been told by Arsenal that he should spend nearly all the money from the pending sales of Fabregas and Samir Nasri, who is poised to join big-spending Manchester City.